Building for Sale in Riyadh Al Yarmouk



§7,900,000
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Financing options**distinctive investment opportunity | building for sale in al-yarmouk district – riyadh** an investment building with a prime location in east riyadh, situated on two streets of 30m and 20m width, and close to the metro, king khalid airport, and main arterial roads. **property specifications:** • land area: approximately 754 sqm • property age: approximately 19 years • two independent entrances, each leading to 14 apartments • current distribution: 28 units • 14 units of one bedroom and living room • 14 units of two bedrooms and living room • the property is currently leased under an old contract for ten years, with 1.5 years remaining, expiring at 180,000 sar annually — the new income is expected to exceed 900,000 sar, god willing **investment opportunity:** after the current contract expires, the property can be rehabilitated and operated under several investment models, such as corporate leasing or monthly rental, in accordance with regulatory requirements. the targeted annual return after re-operation is estimated at approximately 900,000 to 1.4 million sar, depending on the operating model and level of rehabilitation. **asking price: 7,900,000 sar** photos, floor plans, and property details are available for serious investors. **for contact — serious inquiries only** ((number appears upon pressing call))
Listing Details
Street width
30m
Age
More than 10 years
Rooms
3
Area
754m²
Features
Advertiser Info
سعد بن محمد بن سعود ابودجين
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